BatonEX Lists Perpetual Futures Contract for DeFi Index

IconCryptoNewsTerminal Staff04 Jun, 2024

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BatonEX Lists Perpetual Futures Contract for DeFi Index

## BatonEX Lists Perpetual Futures Contract for DeFi Index Today at 6 PM   Global virtual asset exchange BatonEX announced through its official website that it will list the perpetual futures contract product of the 'xDEFI' index, which tracks DeFi (Decentralized Finance) themed cryptocurrency assets, at 6 PM Korean Standard Time on June 4th. The product will be traded in the USDT perpetual futures market and supports leverage trading up to 50 times. BatonEX's xDEFI index consists of a basket of AVAX, LINK, UNI, ICP, GRT, STX, INJ, MKR, FTM, THETA, RUNE, LDO, AAVE, JUP, ENA, EGLD, W, SNX, XTZ, CFX, and CAKE.   Perpetual futures contracts are financial products that allow traders to speculate on the future price of an underlying asset without having to take physical delivery of the underlying asset. They are similar to traditional futures contracts but do not have a fixed expiration date and can be settled at any time.   The launch of the perpetual futures contract for the DeFi index will allow traders to gain exposure to the DeFi sector in a more efficient and cost-effective way.   BatonEX is a leading global virtual asset exchange that offers a wide range of trading products and services. The exchange is known for its security, reliability, and customer support.